Huron Consulting Group Inc. (NASDAQ:HURN) Director Sells $1,243,843.06 in Stock

Huron Consulting Group Inc. (NASDAQ:HURN) Director James H. Roth sold 8,642 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $143.93, for a total transaction of $1,243,843.06. Following the transaction, the director now owns 64,921 shares in the company, valued at $9,344,079.53. This represents a 11.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Huron Consulting Group Stock Up 1.7 %

Shares of NASDAQ:HURN traded up $2.45 during trading on Friday, reaching $146.86. 82,946 shares of the company traded hands, compared to its average volume of 121,482. The firm has a fifty day simple moving average of $131.70 and a 200 day simple moving average of $120.71. The firm has a market cap of $2.60 billion, a P/E ratio of 31.97 and a beta of 0.53. Huron Consulting Group Inc. has a 1-year low of $84.26 and a 1-year high of $153.85. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.82.

Huron Consulting Group (NASDAQ:HURN) last issued its earnings results on Tuesday, February 25th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.38. The company had revenue of $399.31 million during the quarter, compared to analyst estimates of $380.62 million. Huron Consulting Group had a net margin of 5.80% and a return on equity of 21.51%. Analysts anticipate that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of Huron Consulting Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Wedbush assumed coverage on shares of Huron Consulting Group in a research note on Monday, February 3rd. They issued an “outperform” rating for the company. Barrington Research raised their price objective on shares of Huron Consulting Group from $142.00 to $167.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Benchmark raised their price objective on shares of Huron Consulting Group from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of Huron Consulting Group in a research note on Monday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $155.50.

Institutional Investors Weigh In On Huron Consulting Group

A number of institutional investors have recently modified their holdings of the stock. Jennison Associates LLC boosted its stake in shares of Huron Consulting Group by 4.8% during the 4th quarter. Jennison Associates LLC now owns 601,335 shares of the business services provider’s stock valued at $74,722,000 after buying an additional 27,329 shares during the period. Wellington Management Group LLP raised its holdings in shares of Huron Consulting Group by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock valued at $67,503,000 after purchasing an additional 4,946 shares in the last quarter. Sunriver Management LLC raised its holdings in shares of Huron Consulting Group by 10.7% during the 4th quarter. Sunriver Management LLC now owns 486,597 shares of the business services provider’s stock valued at $60,465,000 after purchasing an additional 46,968 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Huron Consulting Group by 16.4% during the 4th quarter. Franklin Resources Inc. now owns 460,650 shares of the business services provider’s stock valued at $57,240,000 after purchasing an additional 64,862 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Huron Consulting Group by 2.1% during the 3rd quarter. State Street Corp now owns 445,694 shares of the business services provider’s stock valued at $48,447,000 after purchasing an additional 8,972 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.